Tesla Inc (NASDAQ:TSLA) has officially re-entered the prestigious $1 trillion market capitalization club, with its stock price surpassing $300 per share for the first time in over two years.
The electric vehicle giant's surge comes as the company's valuation has jumped by more than $200 billion in the three days following the presidential election, which saw Tesla CEO Elon Musk’s pick Donald Trump emerge victorious.
Tesla's stock has gained 30% over the past week.
In parallel, Tesla CEO Elon Musk has seen a significant increase in his personal wealth, adding more than $30 billion to his fortune in the days since the election. His net worth now exceeds $300 billion.